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A certain whale address deposited 4 million USDT into HyperLiquid to raise the entry average price of its 20x leveraged ETH short position.
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BlockBeats News, on September 13, according to monitoring by Onchain Lens, in order to avoid liquidation, the whale address starting with 0x8c5 deposited 4 million USDC into HyperLiquid as a margin top-up, using 20x leverage to open short positions and raise the liquidation price of its ETH short position. This whale still has an unrealized loss of 14 million US dollars, with a total loss amounting to 26 million US dollars.
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